AAVE to develop dPoS social media on Ethereum Block Chain while AAVE CEO mentions Hive
If you've been involved with block chain technology and projects for a few years you would have come to learn that block chains rise and fall and each rise brings a new industry. From Proof of Work (PoW), Proof of Stake (PoS), Decentralised Finance (Defi) Non-fungible Tokens (NFTs), Reflective Finance (RFI) and now we appear to finally be heading closer to the Delegated Proof Of Stake(dPoS). Or what is more familiar to people reading this post, what Hive is.
Although Delegated Proof of Stake has been around for quite some time it has escaped much of the crypto boom and buzz. Personally I believe it is a far more advanced model of governance and use case as it encourages people to Stake for a higher Weighted governance position. Is it perfect? No, is it better than most other functioning block chain models, yes.
Hive actually gets mentioned in a recent announcement by the AAVE CEO Stani Kulechov although it being more about Justin Sun botching a Steemit acquisition and Hive forking with most the users. Stoni thinks he can do better than Hive and build a workable product on the Ethereum Network through AAVE.
If you've been following dPoS news Hive is becoming an increased point of discussion amongst the block chain world with it appearing in a growing amount of articles. This can only mean good things for our block chain and interest will turn into investment as many began searching for stable, successful products which Hive is.
Source The announcement comes from Stoni as Twitter CEO Jack decides he is going to make Twitter Decentralised but questions have arisen as in whose interest will a Decentralised Twitter benefit as it is the users that generate income for Jack and his focus has been on accumulating Bitcoin with no investment in other tokens.
Stani does have a few twists with DAO's being established consisting on a content creators followers who can vote in favour of the content they want to see. A move which I believe is quite limiting and prevents organic development of independent creators which could potentially cause massive echo chambers.
Aave's position is one of the largest Decentralised finance platforms in the industry seeing almost $US11 Billion dollars pass through its project. Stani is preparing to develop a new model which he will be releasing to the public and we wait in anticipation.
I think this is fantastic news for dPoS and the mention of Hive will create some movement as we begin to see more and more people move to dPoS. The article which can be found Here does say Hive has fallen flat but if you're on the chain you know this isn't true. Hive has been relatively stable in its positions under $1. Not all projects need to boom to hundred dollar tokens to be successful and Hives model continues to grow new investors and new projects like Leo Finance, Proof of Brain and other community groups.
My opinion, I think the Hive bull run is coming.
What are your thoughts?
Image Sources provided and supplemented by Canva Pro Subscription
Posted Using LeoFinance Beta
